Bullion Blog

Its no fun being a gold bear, but the markets must be heeded. And if the ‘fundamentals’ are negative, there is no point in throwing in the towel and saying that I have turned bullish. The major point of the gold bugs is fiscal recklessness in debasing the currency, and the focus is always the […]

Arguably, one of the most humbling experiences of the past 47 years spent circumnavigating the global financial world was trying to apply conventional fundamental analysis to markets being driven by unconventional emotional stimuli, such as the one in which I have found myself since April 7. That was the day when markets discovered that the

Vanguard Mining Corp. (UUU:CSE; UUFF:OTC; SL51:FWB) has officially commenced its 2025 diamond drill program at the Redonda Copper-Molybdenum Project in British Columbia. The program targets porphyry-style mineralization identified through earlier exploration and a 2024 airborne geophysical survey. Redonda is a 100%-owned property located in the Vancouver Mining Division near Campbell River, comprising nine mineral claims

Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has reported its third consecutive quarter of commercial production at the La Guitarra mine in Mexico, with revenues reaching US$5.5 million and gross profit totaling US$1.7 million for the period ended September 30, 2025. The company sold 153,583 silver-equivalent ounces during the quarter at an average realized

Gold rose more than 60% this year, cracking the US$4,300 barrier for the first time. It has since cooled into correction territory at and was US$4,073.77 at the time of writing. Some may wonder if the pullback means the end of this bull market, but Global Analyst Adrian Day told Streetwise Reports believes that the

Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) has announced the completion of its 2025 diamond drilling program at the Haldane Silver Property in Yukon’s historic Keno Hill Silver District. The program focused on the Main Fault target within the Mount Haldane Vein System (MHVS), an under-explored area known for silver-lead-zinc-bearing quartz siderite veins resembling those mined

<p><span style="font-weight: 400;">In this Money Metals podcast episode, host Mike Maharrey talks with money manager </span><a href="https://www.cnbc.com/michael-pento/&quot;><span style="font-weight: 400;">Michael Pento of Pento Portfolio Strategies</span></a><span style="font-weight: 400;"> about what he sees as a dangerously distorted financial system. Pento jokes that he feels &ldquo;better than terrific,&rdquo; but admits he is &ldquo;faking it&rdquo; as he watches the middle

<p>The Italian government needs money and wants to tap private gold holdings to get it.</p> <p>Many Italians own undocumented gold. Italian Prime Minister Giorgia Meloni&rsquo;s government has come up with a scheme to entice people to declare their gold holdings, have them appraised, and then pay a 12.5 percent tax on their value.</p> <p>Many Italian

<p><a href="https://www.moneymetals.com/news/2025/11/13/the-debt-black-hole-why-easy-money-keeps-pulling-the-economy-in-004474&quot;>A giant Debt Black Hole</a> dominates the U.S. economy, and Americans are feeling the stress.</p> <p>In the third quarter, LegalShield&rsquo;s <em>Consumer Stress Legal Index</em> (CSLI) hit the highest level since March 2020, the onset of pandemic-era government lockdowns of the economy.</p> <p><img src="https://www.moneymetals.com/uploads/content/CSLI-q3-2025-min.png&quot; width="578" height="317" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p> <p>The

<p>The Italian government needs money and wants to tap private gold holdings to get it.</p> <p>Many Italians own undocumented gold. Italian Prime Minister Giorgia Meloni&rsquo;s government has come up with a scheme to entice people to declare their gold holdings, have them appraised, and then pay a 12.5 percent tax on their value.</p> <p>Many Italian

In a recent update, I said a big gold price rally (short-term, basis the daily chart) was imminent, and of course, that rally promptly occurred and is now over basis the double top in silver and key senior miners like Barrick Mining Corp. (ABX:TSX; B:NYSE) and IAMGOLD Corp. (IMG:TSX; IAG:NYSE). I’ve also been suggesting that

View Important Disclosures for this Article Close Important Disclosures: Liberty Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$5,000. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. This article does

View Important Disclosures for this Article Close Important Disclosures: Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice

Copper and silver are officially now minerals deemed to be critical to the U.S. economy and security. The U.S. Geological Survey (USGS) added the metals to its list for the November 2025 update, published in the Federal Register on November 7 and intended to guide related federal policy decisions. “The 2025 List of Critical Minerals

<p>He was hoping for a lucky day of fishing.</p> <p>As it turned out, he was luckier than he could have imagined.</p> <p>An unnamed Swedish fisherman was digging around for worms at his summer home, prepping for a day on the lake. Along with some slimy invertebrates, the fisherman also dug up a corroded copper cauldron.

<p>Welcome to this week&rsquo;s market wrap podcast, I&rsquo;m Mike Gleason</p> <p>Coming up in a moment, we have an exclusive interview with Michael Pento of Pento Portfolio Strategies and author of the book <i>The Coming Bond Market Collapse</i>. Michael weighs in on the growing global de-dollarization movement as foreign countries around the world are actively working

<p>In his March 1914 Introduction to Andrew Dickson White&rsquo;s classic essay,&nbsp;<a href="https://www.amazon.com/dp/1484834267&quot; rel="nofollow noopener" target="_blank"><em>Fiat Money Inflation in France</em></a>, John Mackay offered this ironclad wisdom every lawmaker should memorize:</p> <blockquote> <p><em>Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right nor divorce

Westward Gold Inc. (WG:CSE; WGLIF:OTC; IM50:FSE) has reported new assay results from its ongoing 2025 drilling campaign at the Toiyabe Hills Property in Lander County, Nevada. The company intersected a new Carlin-type gold zone in hole CF25-04, returning 10.7 meters of 0.94 grams per tonne (g/t) gold, including 3.1 meters of 2.50 g/t gold. These

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; FSE: X7W) has announced final results from its 2025 drill campaign at the Elora Gold System, located within the company’s broader Gold Rock Camp in Ontario. The company reports that it has more than tripled the strike length of the principal Elora Shear Zone to over 800 meters and identified

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) announced drilling results that expand the high-grade gold zone within the Homestake Silver deposit, according to a November 10 release. Drill hole HR25-469 targeted a large open area at the Homestake Silver Deposit, intersecting 26.74 grams per tonne gold (g/t Au) over 14.75 meters, including 122 g/t Au

<p><span style="font-weight: 400;">In this episode of the Money Metals Midweek Memo, host Mike Maharrey leans on </span><a href="https://www.moneymetals.com/news/2025/09/09/what-does-greg-weldons-debt-black-hole-mean-for-gold-silver-004327&quot;><span style="font-weight: 400;">Greg Weldon&rsquo;s &ldquo;debt black hole&rdquo; metaphor</span></a><span style="font-weight: 400;"> to explain how towering obligations now warp policy, markets, and household finances.&nbsp;</span></p> <p><span style="font-weight: 400;">The lens is simple and unsettling: when the mass of debt grows large enough,

<p>The S&amp;P 500 to gold ratio has fallen to the lowest reading since the pandemic and is at a critical support level. This could signal more upside for the yellow metal.</p> <p>Stocks and gold have risen in tandem in 2025. The S&amp;P 500 is up nearly 16 percent on the year, and it has increased

<p>A few days ago, I published a popular report called &ldquo;<a href="https://www.moneymetals.com/news/2025/11/10/why-golds-bull-market-is-still-very-young-004467&quot; rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=https://www.moneymetals.com/news/2025/11/10/why-golds-bull-market-is-still-very-young-004467&amp;amp;source=gmail&amp;ust=1763124583328000&amp;usg=AOvVaw3VZsjodD7YKomlQDPW0Odo">Why Gold&rsquo;s Bull Market Is Still Young</a>,&rdquo; where I analyzed gold&rsquo;s current secular bull market by comparing it to its previous two secular bull markets in the 1970s and the 2000s.</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'"

<p>There has been a lot of talk about tariff $2,000 rebate checks. If they materialize, you should consider <a href="https://youtube.com/shorts/ZPnjcKvOvuw?si=s9KuyiBxfj37S1pl&quot; rel="noopener noreferrer" target="_blank">using them to buy gold or silver</a>.</p> <p>It appears the Trump administration is serious about this proposal, although there are plenty of question marks. &nbsp;On Wednesday, White House press secretary Karoline Leavitt said

<p>The government killed the penny.</p> <p>RIP.</p> <p>It was tantamount to shooting the messenger.</p> <p>On Wednesday, the Philadelphia Mint produced the final five circulating pennies.</p> <p>The Treasury stopped mass-producing pennies months ago after President Trump passed a death sentence, ordering an end to the venerable 1-cent piece earlier this year. However, an unspecified number of pennies

A wave of consolidation has swept through the North American mining industry over the past 60 days, with several high-profile acquisitions signaling a new phase of strategic realignment. Driven by record-high gold prices, strong institutional demand, and the growing importance of domestic supply chains, mining companies are aggressively pursuing scale, jurisdictional stability, and diversified portfolios.

Gold has been bouncing around the bottom of my predicted consolidation range for almost two weeks and finally broke out above that on Monday. I expect we will soon see a move to the top of this range. Whether we break out above $4,200 near term is hard to call. However, it is just a

Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) has reported assay results from drill holes FCG25-33 through FCG25-35 at its 100% owned Fondaway Canyon gold project in Nevada. The holes targeted a 250-meter undrilled gap between the Colorado SW and North Fork zones, two of the most significant mineralized areas within the project’s Central Area open pit. Drill

Matador Technologies Inc. (MATA:TSX.V; MATAF:OTCQB) announced the successful closing of its previously disclosed US$100 million secured convertible note facility with ATW Partners and the completion of its first drawdown under the facility to acquire 92 bitcoin for CA $13.2 million, a November 11 release said. The bitcoin was purchased through Netcoins (owned by BIGG Digital

View Important Disclosures for this Article Close Important Disclosures: As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Rio Tinto Plc.  Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an

<p>In space, a black hole affects everything close to it.</p> <p>In an economy, a debt black hole affects everything close to it.</p> <p>We currently have a massive debt black hole in our midst.</p> <p>In this episode of the Midweek Memo podcast, host Mike Maharrey reveals the size of this debt black hole, explains how it

Aluminum may not have the sparkle of copper or the geopolitical intrigue of rare earths, but it is undeniably the metal of the moment, according to Bloomberg columnist Javier Blas in an October 30 piece. Essential to modern life and ubiquitous in the global economy, aluminum is at a critical juncture: the world could be

You’d be hard-pressed to find people on the street who have heard of him, but in the mining world, Quinton Hennigh is a rock star. With over 40 years of experience in the precious metals mining industry, he brings a wealth of knowledge to the field. With a PhD in geology and geochemistry from the

<p>After barely rising in August, consumer debt grew modestly in September, likely reflecting growing debt stress on American households.</p> <p>The U.S. economy depends on consumers buying stuff. Persistent price inflation forced Americans to blow through their savings and then turn to credit cards to make ends meet. Credit card spending has slowed significantly this year,

<p>I've been speculating on when the pullback in precious metals and mining stocks would end. I recently highlighted the oversold condition within a confirmed uptrend as a strong indication that a rebound was near.&nbsp;</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'" x-init="view = await (await fetch('/shortcodes/product/random/featured?category=all')).text()">!!–Product-Random-Featured-All–!!</div> <p>Sure enough, yesterday the entire precious

<p>U.S. Geological Survey (USGS) has officially added silver to its list of &ldquo;critical minerals.&rdquo; This could put further demand pressure on a metal already in short supply. It also increases the possibility of tariffs on silver.</p> <p>The USGS critical mineral list was established in 2017, and it guides federal strategy, investment, and mine permitting decisions.</p>

View Important Disclosures for this Article Close Important Disclosures: Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice

Source: Michael Ballanger 11/10/2025 Michael Ballanger of GGM Advisory Inc. reviews Mamdami’s win in NYC, takes a look at gold, silver, and copper. Democracy has its roots in the Magna Carta, a historic document sealed by King John of England in 1215 under pressure from his rebellious barons. Written in Latin, the “Great Charter” established

View Important Disclosures for this Article Close Important Disclosures: Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor/employee.   This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) announced that it is not aware of any undisclosed material developments that would explain the recent decline in its share price. The company stated that the fluctuation appeared to be consistent with broader market volatility across multiple sectors, including mining and metals. Stillwater is continuing to advance its

Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has taken a key step in advancing its Aura Gold-Silver Project in Elko County, Nevada, by engaging Stantec Consulting Services Inc. to prepare and initiate a Notice of Intent (NOI) and Mine Plan of Operations (MPO). The company announced the engagement on November 6, 2025, marking progress toward permitting and

View Important Disclosures for this Article Close Important Disclosures: Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice

<p>I&rsquo;m a big fan of finding and using unique ways to value assets to determine whether they are cheap or not.&nbsp;</p> <p>In the case of precious metals and other commodities, this isn&rsquo;t as straightforward as it is with assets like stocks, bonds, or real estate, where you can use simple metrics such as price-to-earnings or

<p>Early this year, high premiums developed for COMEX bars in the U.S. thanks to fears of tariffs on importing silver (and gold). In response, traders shipped an estimated 300 tons of silver from London to New York to alleviate that squeeze.</p> <p>Last month, the London Bullion Market ran into some issues of its own with

<p><span style="font-weight: 400;">On the Money Metals podcast, host Mike Maharrey sits down with </span><a href="https://uk.linkedin.com/in/philip-newman-a048293&quot; rel="noopener noreferrer" target="_blank"><span style="font-weight: 400;">Philip Newman</span></a><span style="font-weight: 400;">, founding partner and managing director at Metals Focus in London. Newman explains that </span><a href="https://www.metalsfocus.com/&quot; rel="noopener noreferrer" target="_blank"><span style="font-weight: 400;">Metals Focus</span></a><span style="font-weight: 400;">, launched in 2013, is a pure precious-metals research house;

<p>Physical silver investment has become a significant driver of overall global silver demand, and four countries dominate the market.&nbsp;</p> <p>Between 50 and 60 percent of silver demand comes from industrial and tech sectors, with the remaining half split between investment and jewelry demand. <a href="https://www.moneymetals.com/news/2025/04/17/silver-market-records-fourth-straight-supply-deficit-amidst-record-industrial-demand-003994&quot;>Industrial demand set a record in 2024</a>, but investment demand lagged.

<p>India has sped up efforts to bring its gold home.</p> <p>According to <a href="https://www.thehindubusinessline.com/economy/rbi-accelerates-repatriation-of-gold-held-abroad/article70215792.ece&quot; rel="noopener noreferrer" target="_blank">a <em>Bloomberg</em> report</a>, the Reserve Bank of India repatriated 64 tonnes of gold through the first six months of its fiscal year, which began in April.</p> <p>The RBI now holds 65 percent of its gold reserves within India&rsquo;s borders.</p>

Unprecedented Momentum in Physical Bullion September 2025 was historic — BullionStar’s biggest month ever at the time, with total sales exceeding S$144 million and a remarkable 3 : 1 buy-to-sell ratio. Just one month later, that record was shattered. October 2025 set a new all-time high, with total buy transactions surpassing 12,000 and total sales

NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) has received final federal authorization for its Goldboro Gold Project in Nova Scotia, marking the completion of all major permitting requirements ahead of construction. On November 4, 2025, the company announced that Fisheries and Oceans Canada had issued the Fisheries Act Authorizations (FAAs), the last key permits required for

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) reported additional assay results from its 2025 drill campaign at the Gold Chain Project in Arizona, highlighting continued expansion of near-surface gold mineralization at the NE Tyro zone. The company intersected 24.4 meters grading 1.63 grams per tonne (g/t) gold in hole GC25-77, including a higher-grade intercept of 3.0